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A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
- The ability to save (Category: Business)
- Of Confidence Tricksters and Ponzi Schemes (Category: Breaking News)
- Pyramid schemes galore in rural areas where financial literacy is low– Police spokesman (Category: Breaking News)
- Need To Restrain The Power Of Shadow Finance (Category: Breaking News)
Reuters: When the Nissan Motor Co compact sedan Sentra rolls into U.S. showrooms in the fourth quarter, consumers may notice that it looks a lot like its bigger stable mate, the recently introduced Altima. Nissan is pinning expectations of increased Sentra sales for the all-new Sentra in part on the more aerodynamic design and resemblance ...
- Nissan unveils sleeker Pathfinder SUV (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Honda needs new Accord to be a hit in US (Category: Business)
- Automakers rev up new model rollout in US – study (Category: Business)
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
Last week I had the opportunity of meeting the Maldivian business delegation that was in Sri Lanka with their Head of State to sign a series of bilateral agreements with the Government of Sri Lanka. One CEO of a large resort chain in the Maldives said the climate change issues that the Maldives is up ...
- Will companies overpower countries? (Category: Business)
- US keen to ride on Lanka’s growth (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- CMA-SAFA focuses on sustainability and corporate responsibility (Category: Business)
Reuters: Ford Motor Co said recently its 2013 C-Max Hybrid crossover surpassed Toyota Motor Corp’s Prius V on fuel economy, with EPA ratings of 47 miles per gallon in the city and on the highway. The Prius V is rated by the US Environmental Protection Agency at 44 mpg in city driving and 40
- Nissan Sentra redesigned as Altima look-alike (Category: Business)
- Toyota launches world’s most fuel-efficient hybrid (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Revenge of the internal combustion engine (Category: Business)
Emirates’ A380 route network has extended to the Netherlands with the launch on 1 August of services to Amsterdam. Emirates is the first carrier to offer a scheduled A380 service to the Netherlands, after just two years since its first flight to Amsterdam. The double decker will operate as EK 0147, departing Dubai to Amsterdam ...
- Amsterdam joins Emirates’ A380 network (Category: Business)
- Emirates’ A380 Goes to Amsterdam (Category: Breaking News)
- Emirates to fly A380 twice a day to New York JFK (Category: Business)
Reuters: Chinese President Hu Jintao on Thursday offered $20 billion in loans to African countries over the next three years, boosting a relationship that has been criticised by the West and given Beijing growing access to the resource-rich continent. The loans offered were double the amount China pledged for the previous three-year period in 2009 ...
- China aims to rewrite perceptions on Africa investment push: Envoy (Category: Business)
- Can China bring stability to conflict-ridden states? (Category: Breaking News)
- China rounds off push for bigger IMF war chest (Category: Business)
- China, India score with untied aid (Category: Business)
The Pacific Asia Travel Association (PATA) hosted the PATA Hub City Forum, London, 5 July at the Institute of Directors in Pall Mall. The objective was to engage on a variety of strategic matters including UK border issues, inward investment for the UK, Heathrow Airport, crisis response, the 2012 Olympic impact, and the UK’s controversial ...
- PATA defines new events and advocacy agenda (Category: Business)
- PATA Awards Leading Travel Professionals (Category: Business)
- Philippines to host PATA Travel Mart 2012 (Category: Business)
- PATA commits to ‘Next Gen’ action at Annual Conference (Category: Business)
UNP MP Karu Jayasuriya has called for the Opposition parties to unite to abolish the Executive Presidency saying it was the singular enemy of Sri Lanka. Here is the full text of Jayasuriya’s statement: Everything that presently ails Sri Lanka hinges on a single factor – the Executive Presidency that concentrates all power in the ...
- Majority support Constitutional Amendments (Category: Breaking News)
- Mahendra Percival Rajapaksa is now the King of Sri Lanka (Category: Breaking News)
- Former Deputy Leader of Sri Lanka's main opposition calls on opposition to unite against executi... (Category: Breaking News)
- Restoring The Parliamentary System, The Womb Of Racism, Discrimination, Separatism & Civil Wars,... (Category: Breaking News)
Reuters: Romney or Obama? Republican or Democrat? The U.S. presidential election may inflame voter passions, but based on past experience, whoever wins the world’s most powerful elected office isn’t likely to move the dollar. The U.S. dollar’s performance over the past 40 years shows little relation to the party holding the presidency and more to ...
- Asian shares fall on fears over Europe fund tightness (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Gold firms on China inflation spike, US jobs data (Category: Business)
- US economic fix could take years: Obama (Category: Business)
Ford Motor Company unveiled the highly anticipated all-new Ford Ranger at the Ceylon Motor Show 2012, where Sri Lankan consumers will be able to see and experience the redesigned vehicle for the first time. The class-leading compact pickup truck has been completely reinvented, offering superior performance, safety, technology and quality. Ford returns to the Ceylon ...
- Vintage cars beauties to behold (Category: Business)
- Man killed in Snohomish Co. hit-and-run crash (Category: USA, Washington)
- Automakers rev up new model rollout in US – study (Category: Business)
- Mobil partners Ceylon Motor Show 2012 as Official Lubricant (Category: Business)
A laudable goal that needs much more workSocial justice to be the Government’s development philosophy The development philosophy of the present Government, as pronounced in the Annual Report of the Ministry of Finance and Planning for 2011 released two weeks ago, is a blend of social justice with economic progress (p 14). This is a ...
- Navigating India’s Future: A Deep Dive into Modi’s Governance (Category: Breaking News)
- Sri Aurobindo: Mystical Awareness Supplants Production (Category: Breaking News)
- Making Sense Of The UNPs Elusive Victory In The Colombo MC (Category: Breaking News)
- 1972: A Historic Opportunity Missed (Category: Breaking News)
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
- Taming the ‘monsters’ (Category: Business)
- Electrifying losses (Category: Business)
- C-Suits focus on implementing Enterprise Risk Management on enterprise-wide (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week. They also said they had prepared contingency plans for a possible exit of Greece from the euro, as part ...
- Passenger fare hike may earn airlines a CO2 windfall (Category: Business)
- China airlines will not pay EU emissions tax: industry body (Category: Business)
- Lufthansa to pass $ 169 m carbon costs to passengers (Category: Business)
- Shipowners join WWF, Oxfam in urging climate levy (Category: Business)
Reuters: Asian shares fell for a second successive day on Friday as another batch of lacklustre U.S. data stoked concerns that the recovery in the world’s biggest economy is faltering. The euro was steady after a bumpy session on Thursday, when European Central Bank chief Mario Draghi
- Rs. 1,020 m profit by LECO (Category: Breaking News)
- Buffett builds $ 10.7 b stake in IBM (Category: Business)
- Bourse down on retail selling, liquidity concerns (Category: Business)
- Fresh bids ordered for sale of 3 Ceylinco companies (Category: Breaking News)
LONDON (Reuters): The dollar fell to a two-month low against a basket of currencies on Monday, weighed down after modest first quarter growth in the US economy kept alive chances of further monetary easing by the Federal Reserve. The dollar is likely to come under more pressure if data, including
- Ben's Paper (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Yen firms against dollar and euro in Asian trade (Category: Business)
- Dollar bounces back on US manufacturing surprise (Category: Business)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt a world ...
- IMF sees risks to global growth, calls for collective action (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
As all eyes are focused on Sri Lanka with the deciding vote taking place on Thursday in Geneva, the thought that crossed my mind was the power of the Diaspora and how world politics can shape the destinies of small countries like Sri Lanka. Whilst some can argue it is unfair, the reality is that ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Sri Lanka President invites US business leaders to invest in the country (Category: Breaking News)
SINGAPORE (Reuters): Asian equities hit a one-week high on Tuesday, holding firm in the wake of recent signs of improvement in the U.S. economy, while the yen rose after the Bank of Japan kept monetary policy steady. The BOJ, which surprisingly eased policy last month, kept interest rates unchanged
- Japan economy shrinks more than expected in Q4, weak exports weigh (Category: Business)
- BOJ’s Shirakawa hopes intervention stabilises FX (Category: Business)
- Bank of Japan easing lifts shares (Category: Business)
- Japan corporate mood up despite yen worry (Category: Business)
Ford this week announced the winning project under their Environmental Conservation and Grants program in Sri Lanka. The ‘Fire Prevention in Knuckles Forest Reserve’ project was selected as the winner after heavy jury examination and will receive up to $ 10,000 from Ford Motor Company to implement their proposal. Ford Motor Company’s Conservation and Environmental ...
- How to develop an effective marketing plan (Category: Business)
- Organisational sustainability (Category: Business)
- Central Bank’s key suggestions (Category: Business)
DETROIT (Reuters): As Ford Motor Co designers completed work on the new Fusion sedan, word came back from China: focus groups hated the headlights. “The comments we were getting from China was that our original design was too dark, too sinister. So we changed the whole construction,” said Chris Hamilton, who headed up the exterior ...
- Ford bets on glass roof, extras to revive Lincoln (Category: Business)
- Today’s Front Page 04-01-2012 (Category: Business)
- Boeing signs record $22.4 b order with Indonesia’s Lion Air (Category: Business)
- Blend of soothing sounds of Pandit Amaradeva and ‘Heritage Haal’ at MLH (Category: Business)
Reuters: Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief Asia ...
- Asia’s economy heading for “yo-yo” year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
SINGAPORE (Reuters): Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief ...
- Asia’s economy heading for ‘yo-yo’ year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...
- Inept’ocracy (Category: Business)
- Mario Monti named to head new Italy government (Category: Business)
- Asia stocks rise on hopes of progress in Europe (Category: Business)
WASHINGTON (Reuters): The Obama administration has proposed doubling auto fuel efficiency to 54.5 miles per gallon by 2025, a White House energy priority that has come under scrutiny in Congress. The plan grew out of an uneasy agreement between the administration, automakers and environmental groups to reduce U.S. dependence on oil imports and cut tailpipe ...
- Revenge of the internal combustion engine (Category: Business)
- LAUGFS unveils NFC enabled fuel card powered by Dialog (Category: Business)
- Saving money through energy efficiency (Category: Technology)
- APEC leaders commit to green trade liberalisation (Category: Business)
WASHINGTON (Reuters): President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. As Germany and France scramble to tighten budget controls across the euro zone, European Council President Herman Van Rompuy and European Commission President ...
- IMF seeks more funds; G20 to discuss (Category: Business)
- Europe vows closer union at G20 summit (Category: Business)
- US economy gaining strength (Category: Business)
- Collapse of the EU: Debt and more debt (Category: Business)
By Cheranka Mendis To facilitate the growing need for professional human resources in the developing local business market, BRC (Bill Roy Consulting) Partnership, a consultancy based in Carrickfergus, Northern Ireland set up shop in Sri Lanka with the launch of BRC Lanka – a leadership and management development company. Officially launched yesterday, BRC has partnered ...
- Carrickfergus Consultancy signs joint venture in Sri Lanka (Category: Business)
- Invest NI to tap into further business opportunities in Sri Lanka (Category: Business)
- Twenty companies to have preferential British visas (Category: Breaking News)
- Guinness world record for largest cup of tea. (Category: Breaking News)
ANN ARBOR, Mich (Reuters): At the Chevrolet dealership here, customers want to see and touch the Volt, the gasoline-electric hybrid hailed by enthusiasts as the kind of innovation that could secure the future of General Motors. But they usually kick the Volt’s tires and move on, often to a Cruze. The compact Chevy gets up ...
- BMW in talks with GM on future technologies: CEO (Category: Business)
- The going is good, says Galadari GM (Category: Business)
- GM beats Toyota as world’s top selling automaker in 2011 (Category: Business)
- New GM takes over at Cinnamon Lakeside Colombo (Category: Business)
BANGKOK (AFP): Thailand’s worst floods in decades have jolted a global supply chain already straining under the impact of Japan’s tsunami, as deluged factories threaten some of the kingdom’s key export industries. The floods have killed about 300 people, damaged one-tenth of Thailand’s rice paddy and made major roads north of Bangkok impassable. Toyota, Ford, ...
- Ever-resilient Thai tourism may bounce back after floods (Category: Business)
- Thailand races to defend Bangkok from floods (Category: Business)
- Thailand raises minimum wage as firms struggle with floods (Category: Business)
- PATA says no need to change travel plans to Thailand (Category: Business)
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